The Finance Ministry has confirmed that there is ongoing monitoring at the commissionerate level conducted by both the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) in

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that re-enhancement of value for assessment purposes, undertaken when the goods were already assessed and exercise for enhancement of declared value

In 2016, the Indian Government demonetised Rs.500 and Rs.1,000 notes, creating havoc in the entire country. It was a joint decision of the authorities along with the Reserve Bank of India (RBI) in order to fight corruption, black marketing

The High Court of Kerala has dismissed a writ petition filed by Vadakoot Gopalan Suresh, directing him to pursue remedies within the framework of the Income Tax Act, 1961. The petitioner, aged 41, had sought

The response sheds light on the Goods and Services Tax (GST) collection for the financial year 2022-23 and the distribution of shares to key states, including Bihar, Maharashtra, Jharkhand, West Bengal, and Jammu and Kashmir.

The Institute of Chartered Accountants of India (ICAI) has invited expression of interest for empanelment of subject experts at the Foundation, Intermediate and Final levels for the new CA Scheme of Education and Training launched

The Philips invited applications for the post of FP&A Analyst - Senior Manager. QUALIFICATIONS CA/CW/MBA qualified candidate with 15 years of experience Good FP&A Process knowledge & Work experience Candidates with experience from Mfg. Industry

Last week, a special Central Bureau of Investigation (CBI) court sentenced two directors of World Series Hockey Pvt Ltd (WSHPL), to two years of rigorous imprisonment. The conviction stemmed from their involvement in deceiving the

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that any steel item that has been used for the fabrication of capital goods or inputs is entitled to CENVAT credit

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the CENVAT credit of excise duty demand on iron and steel products used in the manufacture of final products.  Corporate Ispat

CENVAT credit is allowable on capital goods for the manufacture of high-carbon ferrochrome (HCFC).  The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the CENVAT credit of excise duty

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment order and observed that non-issuance of notice under Section 143(2) of the Income Tax Act, 1961 is not a curable defect. The assessee

The Kolkata Bench of the National Company Law Appellate Tribunal (NCLT) recommended investigation against the liquidator on failure to comply with Regulation 45 of the Liquidation Regulations. The instant petition wass filed under Section 54

In a significant legal development, the Income Tax Department is gearing up to appeal a recent Delhi High Court ruling that deemed Income Tax assessment orders without a Document Identification Number (DIN) as invalid. This

In a recent case, the Supreme Court dismissed the Special Leave Petition (SLP) which arose out of the impugned final judgment and order passed by the High Court of Gujarat wherein the Challenge against reopening